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BRIEF-Heico to buy Aeroantenna Technology in its largest acquisition
2017年8月18日 / 中午12点12分 / 3 个月前

BRIEF-Heico to buy Aeroantenna Technology in its largest acquisition

Aug 18 (Reuters) - Heico Corp

* Heico Corporation announces its largest acquisition

* Heico Corp - deal for ‍$316.5 million in cash​

* Heico Corp - Heico stated purchase price is $316.5 million in cash to be paid at closing​

* Heico Corp - its electronic technologies group entered into a stock purchase agreement to acquire 100% of stock of Aeroantenna Technology Inc.

* Heico Corp - ‍expects acquisition to be accretive to its earnings within first year following closing​

* Heico Corp - ‍additional financial details were not disclosed.​

* Heico Corp - ‍purchase price includes about $37 million to compensate sellers for tax elections which will result in a net cash tax benefit to Heico

* Heico Corp - AAT would continue to operate in same location with current management in place

* Heico Corp - ‍no material staff turnover is expected post-acquisition.​ Source text for Eikon: Further company coverage:

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